Gold News

'Nothing to stop' gold's rise

The forecast looks good for those investing in gold as prices continue to rocket.

Thanks to the falling dollar and plummeting shares following the sale of Bear Stearns to JP Morgan yesterday (March 16th), gold prices have reached record highs this week and the trend looks set to continue, according to many analysts.

Wallace Ng, chief trader for precious metals in Asia-Pacific at Fortis Bank in Hong Kong, told Bloomberg of his optimism for the precious metal.

"All the markets are in a real panic right now. I don't think there's anything to stop gold's rise given the flight to safe haven assets," he said.

Prices rose to $1,009 an ounce on Thursday (March 13th) as the credit crunch generated an increase in panic-buying of commodities.

Some predicted even larger price hikes, including James DiGeorgia, editor of Gold & Energy Advisor, who said he thinks that gold could hit $2,500 if inflation soars, according to Bloomberg.

How best to Buy Gold today? "If there's an easier route to buying investment gold, I have not found it," says one BullionVault customer. Find out for yourself and start Investing in Gold here…


See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn



Market Fundamentals